The health insurances cover the cost associated with medical and surgical expenses of the individual. These costs occurred during the treatment of patient are either fully paid by insurance company in advance or by indirect method in which the patient needs to pay the complete fees then the company reimburses based onto their terms and conditions. Major advantage of taking a health insurance involves coverage for critical illnesses and tax benefits.
The increase in aging population and rise in health expenditure drive the growth of the market. In addition, rise in disposable income of individuals also fuel the market. However, poor claim settlement track record and rigid rules hinder the growth. The adoption of social media and innovation in health care products provides growth opportunities.
The global health insurance market is segmented on the basis of demographics, type, service providers, and region. On the basis of demographics, it is divided into minor, adult, and senior citizen. Based on type, it is bifurcated into life-time coverage and term coverage. The service provider segment involves public and private. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the market are Allianz SE, Japan Post Holding Co., Ltd., Assicurazioni Generali S.p.A., Munich Re Group, United Heath Group, Prudential plc, Berkshire Hathaway, China Life Insurance, Zurich Insurance Group, and AXA.
Key Benefits :
- The study provides an in-depth analysis of the market and current & future trends to elucidate the imminent investment pockets.
- Information about the key drivers, restrains, and opportunities are provided.
- Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.
Health Insurance Market Key Segments:
- Senior Citizens
- Life-time Coverage
- Term Insurance
By Service Providers
- North America
- Rest of Europe
- Latin America
- Middle East
Key Market Players Profiled In The Report
- Allianz SE
- Japan Post Holding Co., Ltd.
- Assicurazioni Generali S.p.A.
- Munich Re Group
- United Heath Group
- Prudential plc
- Berkshire Hathaway
- China Life Insurance
- Zurich Insurance Group